El Sol Sale Para Todos Group
Magaly is the group representative and chosen leader. She is a very hardworking woman, and she has a lot to work hard for. She is a single mother of four young children who all depend on her to provide for them. Before her first loan, she had no form of income and she and her children were barely getting by. She now has a small business selling food and hopes to increase the size of her business and generate more income. She dreams of living in her own house and being able to send her kids to college. She is ready to work for those dreams and believes this is the first step!
On behalf of Magaly, the group, and Esperanza International, thank you for your support!!!
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid